The European Central Bank announced decisions on monetary policy affecting interest rates and related measures. The announcement details the bank's stance and any adjustments to policy instruments to achieve price stability across the euro area.
What this development signals: ECB's latest interest-rate decision and guidance could influence euro exchange rates, global funding costs and emerging-market capital flows, including the rand. The next checkpoint is the next communication from European Central Bank, which should confirm whether momentum is building.
For more detail, read the full announcement.